Sunday, December 5, 2021

Finance Ministry releases 4th monthly installment of Post-Devolution Revenue Deficit Grant of over 9 thousand 871 crore rupees to 17 states

The Union Finance Ministry has released the fourth monthly installment of Post-Devolution Revenue Deficit Grant of over nine thousand 871 crore rupees to the 17 states. A total amount of 39 thousand 484 crore rupees has been released to eligible states in the current financial year so far.

In terms of release, Kerala stands at top position followed by West Bengal and Andhra Pradesh. The Fifteenth Finance Commission has recommended a total Post-Devolution Revenue Deficit Grant of one lakh 18 thousand 452 crore to 17 states in the current financial year.

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